AIOS Tech Inc. (NASDAQ:AIOS) shares surged 43.24% to $13.35 in after-hours trading on Thursday, after the Hong Kong-based company filed a Securities and Exchange Commission filing announcing an extraordinary general meeting scheduled for May 29.
What Shareholders Need to Know
The central proposal asks shareholders to approve a Class B Variation that would lift the voting ratio for Class B common shares from 5 votes per share to 100 votes per share. To effect the change, the company also seeks the adoption of an amended and restated memorandum and articles of association.
The record date for shareholder eligibility was set at Apr. 29.
According to the SEC filing, both Class A and Class B holders are entitled to vote. The Board …